UK annual CPI surged to 3.3% in November, above the BoE's target, higher than both October's reading and median forecasts of 3.2%. On the month, the reading also rose to 0.4%, exceeding both prior and estimates of 0.3%. Core CPI came in at 2.7% annually, analogous to the previous and expected readings.
The cost of living index, RPI, rose to 4.7% annually in November from the previous month and expected reading of 4.5%, while it climbed to 0.4% on the month, above the prior and forecasted readings of 0.2%. The yearly reading excluding mortgage interest payments rallied to 4.7% from the prior 4.6% and forecasts of 4.4%.